VANCOUVER, BC / ACCESSWIRE / August 12, 2020 / Doubleview Gold Corp. ("Doubleview") (TSX-V:DBG, OTC PINK:DBLVF, FRANKFURT:1D4) is pleased to announce that the 2020 program of diamond drilling, Phase I, is under way at the wholly-owned Hat Property in northern British Columbia starting with targeting 1500m deep drill hole H035. The Hat is a porphyry-style gold and copper deposit that has been explored by technical surveys and more than 12,640 metres of drilling in 34 drill holes. Proven dimensions are 920 metres north-south and 650 metres east-west; depth exceeds 620 metres. Drill hole H034, the last hole of the 2019 program, entirely mineralized and intersected 612 metres with 0.58 g/t AuEq (0.42% CuEq) that included 235 metres with 1.04 g/t AuEq (0.76% CuEq).
The Hat Property is located in northwestern British Columbia at the north limit of the ever-expanding Golden Triangle District that has been the principal focus in recent years of most of B.C.'s mineral exploration expenditures and is host to several important mines, including Imperial Metals/Newcrest Red Chris, and Pretium's Brucejack, mines. In addition to Doubleview, Seabridge (Sulphurets), Teck (Galore Creek and Schaft Creek), Skeena (Eskay), GT (Saddle North), Tudor (Treaty Creek) and others have proven, or are exploring, significant deposits.
Doubleview's 2020 program is being operated in full compliance with Provincial and First Nations Covid- 19 protocols to ensure the health and safety of employees and nearby communities. Access to the Hat Camp will be strictly limited to essential personnel who have passed Covid screening.
The Phase 1 drilling will total 4000 metres and be directed to
- further drilling of the Lisle Zone to expand the deep mineralization shown in hole H034 (see Figure 1). This area was highlighted by the deep-penetrating 3D induced polarization survey that was conducted in 2018.
- initial drilling of Lisle-North where high grade gold and copper mineralized boulders are found in a swampy area that overlies a high chargeability geophysical Anomaly.
- Lisle East area to test deposit further extension towards the east.
Details of Phase 2 drilling will be guided by the results from Phase 1.
Doubleview also announces that a third archaeological review of the Hat property that included shovel tests and other procedures has been completed without finding any areas of archaeological interest. A detailed report is being prepared and will be shared with interested parties.
The Company also reports that it has taken the necessary steps to begin metallurgical test work with particular attention to cobalt associated with the gold and copper values. These procedures will include work on recoveries of not only the principal metals but also silver and, possibly, palladium. More detailed metallurgical work will be required when resource estimates are being prepared.
Mr. Shirvani states that he is relieved that Hat property work is finally proceeding despite the many obstacles presented by the current pandemic and confirms that the Company is deeply appreciative of the advice and co-operation extended by the various personnel and contractors involved in getting to this starting point.
About Doubleview Gold Corp
Doubleview Gold Corp, a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange [TSX-V: DBG, OTC: DBLVF, FRANKFURT: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: [email protected]
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Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.
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SOURCE: Doubleview Gold Corp.